Legacy Gold Mines (TSXV:LEGY) Beta: 1.8947 (As of Aug. 27, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:LEGY Legacy Gold Mines Ltd TSXV:LEGY
36 GF Score
Price C$1.20
! 3 Warning Signs
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What is Legacy Gold Mines Beta?

Legacy Gold Mines TSXV:LEGY +4.35% 36 Beta is 1.8947 as of Aug. 27, 2026. GuruFocus rates TSXV:LEGY with a GF Score™ of 36/100. The stock has 3 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-27), Legacy Gold Mines's Beta is 1.8947.

Legacy Gold Mines  (TSXV:LEGY) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Legacy Gold Mines Beta Related Terms

Legacy Gold Mines Beta Historical Data

* Premium members only.

The historical data trend for Legacy Gold Mines's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Legacy Gold Mines Beta Chart

Legacy Gold Mines Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beta
0.00 0.00 0.00 0.00 0.00

Legacy Gold Mines Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSXV:LEGY vs NEM, AU: Beta Comparison

For the Gold subindustry, Legacy Gold Mines's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legacy Gold Mines Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Legacy Gold Mines's Beta distribution charts can be found below:

* The bar in red indicates where Legacy Gold Mines's Beta falls into.


TSXV:LEGY
36GF Score
Legacy Gold Mines Ltd TSXV:LEGY
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Legacy Gold Mines Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 1.8947 mean?
Legacy Gold Mines (TSXV:LEGY) has a Beta of 1.8947 as of Aug. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Legacy Gold Mines and its competitors.
Is Legacy Gold Mines' Beta too high?
Legacy Gold Mines' current Beta is 1.8947. Overall, Legacy Gold Mines has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Legacy Gold Mines' Beta compare to NEM and AU?
Legacy Gold Mines' Beta of 1.8947 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Legacy Gold Mines and its competitors. Legacy Gold Mines's current Beta is 1.8947. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Gold Mines stock overvalued right now?
Legacy Gold Mines (TSXV:LEGY) has a current Beta of 1.8947. The current Beta is 1.8947. Legacy Gold Mines' overall GF Score™ is 36/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Legacy Gold Mines (TSXV:LEGY), the current Beta is 1.8947 as of Aug. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legacy Gold Mines Business Description

Address 421 7th Avenue SW, 30th Floor, Calgary, AB, CAN, T2P 4K9
Legacy Gold Mines Ltd is an exploration company. Its property includes Baner Gold project located in Idaho County, Idaho, USA.
36GF Score

Get the complete analysis for TSXV:LEGY

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.20
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